Sunday, July 3, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Hardware > Mellanox announces annual revenue of $1.33 billion

Mellanox announces annual revenue of $1.33 billion

Erdem Yasar by Erdem Yasar
January 31, 2020
in Hardware
2 min read
0 0
0
Mellanox announces annual revenue of $1.33 billion
3
SHARES
16
VIEWS
Share on FacebookShare on TwitterShare on EmailFollow on Google News

Mellanox Technologies announced preliminary financial results for its fourth quarter and fiscal year 2019.

Mellanox Technologies posted 2019’s 4th quarter revenue of $379.8 million, compared to $290.1 million in the last quarter of the previous year, it is an increase of 30.9%. The company’s GAAP gross margins are 66.2% compared to 65.4 percent in the fourth quarter of 2018. Cash and short-term investments totaled $875.9 million at December 31, 2019, compared to $742.5 million at September 30, 2019 and Cash provided by operating activities in 2019 was $424.8 million, compared to $264.9 million in 2018.

25 gigabits per second and above

Eyal Waldman, president and CEO of Mellanox Technologies
Eyal Waldman, president and CEO of Mellanox Technologies

Eyal Waldman, president and CEO of Mellanox Technologies said,

“Mellanox delivered record revenue, operating income, and cash flow from operations in both the fourth quarter and the full year 2019. All our major product lines grew in the fourth quarter, demonstrating the advantages of our broad product portfolio. We are shipping over 1.2 million units per quarter of ConnectX and Bluefield adapters, driven by strong adoption of our smart offload and secure in-network compute capabilities. We continue to lead with our Ethernet adapters at data rates of 25 gigabits per second and above. Our Ethernet switch business is expanding at a healthy rate as well, attaining sequential revenue growth of 25% for two quarters in a row. Powered by our Spectrum product line with data rates of up to 400 gigabits per second, our Ethernet switch solutions are being deployed in a wide range of applications for hyperscale, cloud, storage, and financial markets. We expect to see continued growth with the introduction of Spectrum-3 products very soon.”

“Fourth quarter revenue for our InfiniBand solutions grew 19% sequentially, and 2019 annual revenue grew 29% compared to 2018, driven by the strong adoption of our 200 gigabit per second HDR solutions in the high performance computing, artificial intelligence, cloud, and storage market segments. HDR InfiniBand accelerates nearly one-third of the new InfiniBand platforms on the recent TOP500 supercomputing list and has been selected to connect some of the most powerful supercomputing installations in 2020, including Meteo France, the European Centre for Medium-Range Weather Forecasts (ECMWF), the Eni Supercomputing platform, and several national and Exascale programs,” continued Waldman. “We are pleased with the robust adoption of our adapters, switches, and cables for leading data centers, as well as our superb financial performance throughout 2019, culminating in record revenue, operating income, and cash flow from operations. We are also proud to end 2019 with $876 million cash and short-term investments.”

See more Hardware News


Tags: Mellanox Technologies
Share3TweetSendShare
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
Asteroid launching internet exchange point in Kenya

Asteroid launching internet exchange point in Kenya

Related News

Micropyramid lenses boost the light by triple on solar panels

Micropyramid lenses will triple the efficiency on solar panels

July 1, 2022 4:05 pm
HPE introduced new cloud-native silicon-based servers

HPE introduced new cloud-native silicon-based servers

June 30, 2022 4:35 pm
NVIDIA released the NVIDIA 515 57 display driver

Nvidia has released the 515.57 display driver

June 29, 2022 3:10 pm
PCIe 7.0 specification is revealed

PCIe 7.0 specification is revealed

June 24, 2022 11:50 am
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Advertisement

Recent News

  • Weekly round-up: 27 June – 1 July
  • Cloud7 Podcast – Episode 09: AlmaLinux OS
  • Snap app of the week: Sensors Unity
  • Server cabinet types and accessories
  • How to change WordPress password via phpMyAdmin

Our Latest Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic
Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic

by Atalay Kelestemur
November 25, 2021 3:23 am


Cloud7 News is a news source that publishes the latest news, industry news and exclusive interviews on web hosting, cloud computing, data center, cybersecurity and linux.

News Categories

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • Blockchain

Our Free Modules

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.